Cost Optimization

• Includes the ability to run systems to deliver business value at the lowest price point

• Design Principles

• Adopt a consumption mode - Pay only for what you use

• Measure overall efficiency - Use CloudWatch

• Stop spending money on data center operations - AWS does the infrastructure part and enables customers to focus on organization projects

• Analyze and attribute expenditure - Accurate identification of system usage and costs, helps measure return on investment (ROI) - Make sure to use tags

• Use managed and application-level services to reduce cost of ownership - As managed services operate at a cloud scale, they can offer a lower cost per transaction or service